Welcome to Adorable Living Spaces and our Deal of the Day series, where we search Zillow every single day to uncover affordable country homes, foreclosure opportunities, ranch properties, and hidden rural real estate across America.
Today’s featured property takes us to Altoona, Alabama, where a three-bedroom ranch home offers approximately 1,800 square feet of living space on a spacious five-acre parcel.
Priced at only $107,000, this HUD-owned property includes two full bathrooms, a covered porch, a two-car carport, a workshop area, central heating and cooling, and no homeowners association.
Although the home is being sold strictly as-is and may require repairs or improvements, it could present an affordable opportunity for a homeowner, investor, or buyer searching for acreage in rural Alabama.
| Property Details | Â |
|---|---|
| Price | $107,000 |
| Location | 2001 Gaines Rd, Altoona, AL 35952 |
| Bedrooms | 3 |
| Bathrooms | 2 Full Bathrooms |
| Living Space | 1,800 Sq Ft |
| Lot Size | 5 Acres |
| Year Built | 1991 |
| Property Type | Single-Family Ranch Home |
| Special Condition | HUD-Owned Foreclosure |
| Parking | Two-Car Carport |
| HOA | None |
| Water Source | Private Well |
An Affordable Alabama Property with Acreage
At $107,000, this property offers a relatively low entry price for a home with five acres of land.
Many homes in this price range are located on small residential lots, making the acreage one of the listing’s strongest features.
The combination of land, living space, and a traditional ranch-style layout may appeal to buyers seeking more privacy and outdoor flexibility.
Its rural location could also suit someone looking for a quieter lifestyle away from heavily developed neighborhoods.
Five Acres of Land
The property includes approximately five acres, giving future owners room for a variety of outdoor uses.
Depending on local zoning and the condition of the land, the acreage could support gardens, animals, recreation, storage, or additional improvements.
Five acres can offer meaningful privacy without creating the maintenance demands associated with a much larger farm.
Buyers should verify the exact boundaries, terrain, access, and permitted uses before making plans for the property.
Spacious 1,800-Square-Foot Interior
The home offers approximately 1,800 square feet of interior living space.
This is a generous amount of room for a three-bedroom ranch, especially at the current asking price.
The floor plan includes a living room, dining room, kitchen, three bedrooms, and two full bathrooms.
With renovation and careful updating, the interior could be transformed into a comfortable family home or country retreat.
Three Bedrooms
The house includes three bedrooms arranged across the main and upper areas described in the listing.
The primary bedroom is located on the first floor and measures approximately 14 by 13 feet.
A second main-level bedroom includes wood flooring, while the third bedroom is positioned on the second level.
This arrangement gives owners flexibility for family members, guests, office space, or hobby rooms.
Two Full Bathrooms
The property includes two full bathrooms.
Having two bathrooms can make the home more practical for a family, guests, or shared living arrangements.
The listing does not provide detailed information about their condition or recent updates.
Buyers should inspect the plumbing, fixtures, flooring, ventilation, and water pressure before purchasing.
Traditional Ranch-Style Design
The home is described as a ranch-style residence built in 1991.
Ranch homes are often appreciated for their practical layouts, straightforward construction, and mostly main-level living.
The one-story design may also appeal to buyers who prefer fewer stairs and easier access between rooms.
Although one bedroom is listed on an upper level, most of the primary living spaces are located on the first floor.
Covered Front Porch
A covered porch adds useful outdoor living space to the home.
This area could be furnished with chairs, a swing, or a small table for relaxing outdoors.
Covered porches also provide shelter from the sun and rain while creating a welcoming entrance.
With cleanup and cosmetic improvements, the porch could become one of the most inviting features of the property.
Two-Car Carport
The property includes a two-car carport for covered vehicle parking.
A carport can provide protection from weather while remaining easier to access than a fully enclosed garage.
It may also offer space for equipment, lawn tools, or temporary outdoor storage.
Buyers should inspect the structure carefully to determine whether repairs or reinforcement are needed.
Workshop Area
The listing mentions a workshop area associated with the garage or carport space.
This feature could be useful for tools, repairs, woodworking, mechanical projects, or general storage.
A workshop can add significant value for buyers who enjoy hands-on projects or need space for maintaining the property.
Its exact size, electrical service, and condition should be verified during an inspection.
Wood Flooring in Several Rooms
The living room, dining room, kitchen, and one bedroom are described as having wood flooring.
Wood floors can add warmth and character while also offering restoration potential if they are in salvageable condition.
The primary bedroom and third bedroom are listed with carpet.
Buyers should inspect all floor coverings for wear, moisture damage, staining, or structural issues underneath.
Central Heating and Cooling
The home includes central heating and central air conditioning.
These systems can provide greater comfort than relying on individual window units or portable heaters.
Because the property is being sold as-is, buyers should not assume that either system is fully operational.
A licensed HVAC professional should inspect the equipment, ductwork, age, and remaining service life.
Kitchen Appliances Included
The listing indicates that a dishwasher and microwave are included with the property.
These appliances may provide some basic convenience, although their condition is not guaranteed.
The kitchen measures approximately 14 by 11 feet and includes wood flooring.
Future owners may choose to update cabinets, counters, appliances, lighting, or plumbing depending on the current condition.
Private Well Water
The home is served by a private well.
A private well can reduce dependence on municipal water service and may help keep monthly utility costs lower.
However, buyers are responsible for maintaining the well, pump, pressure system, and water quality.
A professional well inspection and laboratory water test are strongly recommended before closing.
HUD-Owned Foreclosure
This property is owned by the U.S. Department of Housing and Urban Development and is identified by HUD case number 011-548765.
HUD properties are generally sold through a specific bidding and purchase process that differs from a traditional private sale.
The listing identifies the home as FHA insurable subject to appraisal, which may expand financing possibilities for qualified buyers.
Interested buyers should work with a real estate professional experienced in HUD transactions and confirm all current bidding requirements.
Sold Strictly As-Is
The seller makes no warranties or representations regarding the condition of the home.
This means the buyer will generally be responsible for any repairs, defects, missing components, or property issues discovered after purchase.
The low asking price may reflect the condition, foreclosure status, and need for renovation.
A thorough inspection is especially important, even though the seller may not agree to complete repairs.
Possible Closing Cost Assistance
The listing states that the seller may contribute up to three percent toward the buyer’s closing costs upon request.
This contribution is not guaranteed and may depend on the terms of the offer, lender requirements, and HUD approval.
Closing cost assistance can reduce the amount of cash a buyer needs at settlement.
Potential buyers should discuss eligibility, limits, and offer strategy with their lender and real estate agent.
No Homeowners Association
The property does not have a homeowners association.
This means there are no listed monthly HOA dues or neighborhood association rules.
The absence of an HOA may provide more flexibility for outdoor projects, parking, animals, or property improvements.
Local zoning, county regulations, deed restrictions, and building codes will still apply.
Renovation and Investment Potential
At approximately $59 per square foot, the property may interest buyers who are prepared to complete repairs and updates.
A renovated home on five acres could potentially appeal to owner-occupants, renters, or future resale buyers.
The strongest opportunities may include improving the interior, servicing mechanical systems, cleaning the land, and enhancing the porch and workshop areas.
Any investment plan should account for inspection findings, financing costs, insurance, taxes, repair budgets, and local market conditions.
Final Thoughts
This Altoona property combines three bedrooms, two bathrooms, approximately 1,800 square feet, five acres, a covered porch, a workshop area, and covered parking.
Its $107,000 asking price makes it one of the more affordable acreage properties currently available in this part of Alabama.
The home is a HUD-owned foreclosure sold as-is, so buyers should approach it as a renovation opportunity rather than a move-in-ready residence.
For someone willing to complete due diligence and invest in improvements, this could become an affordable country home with substantial space and long-term potential.
If you need more info, contact the listing agent from the Zillow link below the photos.
Listed on Zillow